Detroit City Council members are accusing Mayor Dave Bing of not giving them the same deficit elimination plan he turned over to the state.
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About three-fourths of Ford Motor Co. noteholders have accepted the company’s offer to exchange notes for shares of stock and cash, allowing the company to reduce its debt by more than $1.9 billion, the automaker […]
General Motors is taking steps to be a more attractive to potential private investors. The automaker Thursday announced it is cutting its debt and pension obligations by $11 billion. GM will buy back nearly $3 billion in stock, […]
Making ends meet in tough economic times was among the many topics discussed at the 2010 Michigan Money Summit on Saturday.
Mortgage rates sank to the lowest level in decades this week, pushed down by the weak economy and the Federal Reserve’s move to help lift the recovery by purchasing government debt.
Nancy Nall Reporting It isn’t just young people prone to miring themselves in credit-card debt. Between 1992 and 2001, people age 65-69 saw their average credit-card balance rise 217 percent — to $4,041, according to […]